Term Loan Amortization Amount definition

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Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) the sum of (x) the Term Facility comprised of Closing Date Term Commitments on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans (except Other Incremental Term Loans) made pursuant to Section 2.16(b) times (b) 1.25%.

Examples of Term Loan Amortization Amount in a sentence

The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders (i) on each Quarterly Payment Date, beginning on the Initial Quarterly Payment Date, the principal amount of the Initial Term Loans and the Term Conversion Date Term Loans in an amount equal to the Term Loan Amortization Amount and (ii) the aggregate principal amount of all outstanding Initial Term Loans and Term Conversion Date Term Loans on the Maturity Date.
The Employer shall not utilize any form of random testing unless specifically 1051 required by federal law.
The Borrower shall repay the Term Loans in 19 consecutive quarterly installments on the 7th day of each March, June, September and December, commencing on March 7, 1998, and on one installment on the Final Payment Date (each such day on which an installment is to be made, an "Installment Payment Date"), each such installment to be in an amount equal to such Lender's Loan Percentage of the Term Loan Amortization Amount for the Installment Payment Date on which such installment is payable.
On the last Business Day of each March, June, September and December, the Borrowers shall repay the principal amount of the Term Loans in an amount equal to the Term Loan Amortization Amount; provided, however, that the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date.
The principal of the Term Loan shall be repaid in quarterly installments on the last day of each fiscal quarter (commencing December 31, 2011), each such quarterly installment in an amount equal to the Quarterly Term Loan Amortization Amount with a final installment of the unpaid balance on the Maturity Date (provided, that the quarterly installment due December 31, 2011 shall be in an amount equal to $250,000).

More Definitions of Term Loan Amortization Amount

Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) (i) in the case of Domestic Term Loans, the sum of (x) the Term Facility comprised of Closing Date Domestic Term Commitments on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans (except Other Incremental Term Loans) that are Domestic Term Loans made pursuant to Section 2.16(b) times (ii) 1.25% and (b) (i) in the case of Global Term Loans, the sum of (x) the Term Facility comprised of Closing Date Global Term Commitments on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans (except Other Incremental Term Loans) that are Global Term Loans made pursuant to Section 2.16(b) times (ii) 1.25%.

Term Loan Amortization Amount means an amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.18 (solely to the extent such Incremental Term Loans are made on the same terms as the Term Facility as in effect on the Closing Date (i.e., without utilizing the proviso set forth in Section 2.18(f)) times (b) (i) 1.25%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) commencing December 2015 and made on or prior to September 30, 2017, (ii) 2.50%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after September 30, 2017, but on or prior to September 30, 2018, (iii) 5.00%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after September 30, 2018, but prior to the Maturity Date, and (iv) 60.00%, on the Maturity Date.

Term Loan Amortization Amount means an amount equal to the product of (a) the sum of (x) the Total Loan Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.18 (solely to the extent such Incremental Term Loans are made on the same terms as the Term Loan Facility as in effect on the Closing Date (i.e., without utilizing the proviso set forth in Section 2.18(f)) times (b) (i) 1.25%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) on or prior to the second anniversary of the Closing Date, (ii) 2.50%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after the second anniversary of the Closing Date, but on or prior to the third anniversary of the Closing Date, (iii) 5.00%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after the third anniversary of the Closing Date, but on or prior to the fourth anniversary of the Closing Date and (iv) 15.00%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after the fourth anniversary of the Closing Date.

Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) the aggregate principal amount of the Term Facility on the Effective Date times (b) (i) at any time prior to the second anniversary of the Effective Date, 0%, (ii) from and after the second anniversary of the Effective Date, but prior to the third anniversary of the Effective Date, 0.25% and (iii) at any time thereafter, 1.25%.

Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.15 times (b) (i) at any time after the first anniversary of the Closing Date, but on or prior to the third anniversary of the Closing Date, 1.250%, (ii) at any time after the third anniversary of the Closing Date, but on or prior to the fourth anniversary of the Closing Date, 1.875% and (iii) at any time after the fourth anniversary of the Closing Date, but prior to the fifth anniversary of the Closing Date, 2.500%.

Term Loan Amortization Amount means an amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.18 (solely to the extent such Incremental Term Loans are made on the same terms as the Term Facility as in effect on the Closing Date (i.e., without utilizing the proviso set forth in Section 2.18(f)) times (b) (i) 1.25%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) commencing June 2013 and made prior to June 30, 2015, (ii) 2.50%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) on or after June 30, 2015, but prior to June 30, 2016, (iii) 5.00%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) on or after June 30, 2016, but prior to June 30, 2017, (iv) 7.50%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) on or after June 30, 2017, but prior to the Maturity Date, and (v) 37.50%, on the Maturity Date.

Term Loan Amortization Amount for any Installment Payment Date, an amount equal to the excess, if any, of the then outstanding unpaid principal amount of the Term Loans over the Total Permitted Term Loan Amount on such Installment Payment Date.